Nonprofit · EIN 94-3247824
THE MORTGAGE CAPITAL DEVELOPMENT COMPANY
Tax-exempt · OAKLAND, CA 94612
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $29,616,255 | $26,281,880 | $3,334,375 | $28,816,985 | $10,582,909 | $18,234,076 |
| September 30, 2024 | 990 | $24,303,783 | $23,926,074 | $377,709 | $24,782,264 | $9,806,680 | $14,975,584 |
| September 30, 2023 | 990 | $21,879,934 | $21,499,419 | $380,515 | $22,477,678 | $7,640,799 | $14,836,879 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $28,637,100
- Investment income
- $901,650
- Net rental income
- $23,500
- Net gain from sales of assets
- $493,519
- Other revenue
- $77,505
Expenses
- Grants and similar amounts paid
- $196,701
- Compensation of officers, directors and key employees
- $2,719,614
- Other salaries and wages
- $12,506,859
- Salaries, compensation and benefits (total)
- $18,772,498
- Professional fundraising fees
- $0
- Occupancy
- $518,897
- Travel
- $207,068
- Depreciation
- $73,874
- Program services (functional)
- $22,061,626
- Management and general (functional)
- $4,220,254
Balance sheet and other
- Total assets, start of year
- $24,782,264
- Total assets, end of year
- $28,816,985
- Total liabilities, end of year
- $10,582,909
- Net assets, end of year
- $18,234,076
- Land, buildings and equipment
- $88,858
- Publicly traded securities
- $2,412,355
- Net assets without donor restrictions
- $18,234,076
- Gross receipts
- $33,814,476
- Employees
- 100
- Volunteers
- 0
- Year formed
- 1996
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BARBARA MORRISON | PRESIDENT/CEO Trustee or director, Officer | 40 | $1,073,212 | $124,060 |
| DEAN ALOE | BUS. DEV. OFFICER Highest-paid employee | 40 | $651,101 | $38,503 |
| KURT CHAMBLISS | EXECUTIVE VP BUSINESS DEV. Officer | 40 | $624,921 | $41,716 |
| CHRIS BANE | BUS. DEV. OFFICER Highest-paid employee | 40 | $534,872 | $30,387 |
| GEOFFREY MCGIVERN | BUS. DEV. OFFICER Highest-paid employee | 40 | $503,212 | $34,416 |
| MIKE VANECEK | CFO/CIO Officer | 40 | $454,544 | $36,334 |
| JAMES AZEVEDO | BUS. DEV. OFFICER Highest-paid employee | 40 | $380,743 | $28,668 |
| BRYCE FENNELL | BUS. DEV. OFFICER Highest-paid employee | 40 | $377,957 | $28,668 |
| GREGG MITCHELL | COO Officer | 40 | $357,740 | $16,116 |
| DJ KURTZE | CHAIR Trustee or director, Officer | 0.1 | $3,600 | $0 |
| DAVID HOFMANN | BOARD MEMBER Trustee or director | 0.1 | $3,000 | $0 |
| DANIEL FUJIMOTO | BOARD MEMBER Trustee or director | 0.1 | $3,000 | $0 |
| KELLY LAROCCA | VICE CHAIR (THRU 1/25) Trustee or director, Officer | 0.1 | $2,493 | $0 |
| WILLIAM SOMMER- TREASURER | SECRETARY (AS OF 2/25) Trustee or director, Officer | 0.1 | $2,100 | $0 |
| ARTUR WASHINGTON | BOARD MEMBER (THRU 1/25) Trustee or director | 0.1 | $2,100 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS CHAVEZ- TREASSEC | (THRU 1/25)VICE CHAIR(AS OF 2/25) Trustee or director, Officer | 0.1 | $1,800 |
| JAMES CHEUNG | BOARD MEMBER Trustee or director | 0.1 | $1,524 |
| ANSIE TING | BOARD MEMBER Trustee or director | 0.1 | $1,500 |
| JENNIFER ELTINGE | BOARD MEMBER Trustee or director | 0.1 | $1,200 |
| STEVE POLLETT | BOARD MEMBER Trustee or director | 0.1 | $1,200 |
| KEITH MERKLIN | BOARD MEMBER Trustee or director | 0.1 | $1,050 |
| IAN MCDANIEL | BOARD MEMBER Trustee or director | 0.1 | $0 |
| BRIAN FINNEGAN | BOARD MEMBER Trustee or director | 0.1 | $0 |
990 for the year ended September 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BARBARA MORRISON | PRESIDENT/CEO Trustee or director, Officer | 40 | $1,068,277 | $123,869 |
| DEAN ALOE | BUS. DEV. OFFICER Highest-paid employee | 40 | $664,738 | $27,261 |
| KURT CHAMBLISS | EXECUTIVE VP BUSINESS DEV. Officer | 40 | $619,821 | $41,716 |
| CHRIS BANE | BUS. DEV. OFFICER Highest-paid employee | 40 | $534,872 | $30,387 |
| GEOFFREY MCGIVERN | BUS. DEV. OFFICER Highest-paid employee | 40 | $503,212 | $34,416 |
| MIKE VANECEK | CFO / CIO Officer | 40 | $454,544 | $36,334 |
| JENNIFER DAVIS | BUS. DEV. OFFICER Highest-paid employee | 40 | $367,463 | $24,050 |
| GREGG MITCHELL | COO Officer | 40 | $357,740 | $16,116 |
| ARMEN MADATYAN | BUS. DEV. OFFICER Highest-paid employee | 40 | $321,500 | $27,413 |
| KELLY LAROCCA | VICE CHAIR/TREAS/SEC (THRU FEB) Trustee or director, Officer | 0.1 | $3,300 | $0 |
| DANIEL FUJIMOTO | BOARD MEMBER Trustee or director | 0.1 | $3,000 | $0 |
| DJ KURTZE | CHAIR/VICE CHAIR Trustee or director, Officer | 0.1 | $2,700 | $0 |
| DAVE GRIFFIS | BOARD MEMBER (THRU JAN) Trustee or director | 0.1 | $2,135 | $0 |
| SCOTT MANIVONG | CHAIR (THRU JAN) Trustee or director, Officer | 0.1 | $2,100 | $0 |
| DAVID HOFMANN | BOARD MEMBER Trustee or director | 0.1 | $2,100 | $0 |
| THOMAS CHAVEZ | TREAS/SEC (AS OF FEB) Trustee or director, Officer | 0.1 | $1,800 | $0 |
| ARTUR WASHINGTON | BOARD MEMBER Trustee or director | 0.1 | $1,800 | $0 |
| JENNIFER ELTINGE | BOARD MEMBER Trustee or director | 0.1 | $1,200 | $0 |
| JAMES CHEUNG | BOARD MEMBER Trustee or director | 0.1 | $1,200 | $0 |
| TED UPLAND | BOARD MEMBER (THRU JAN) Trustee or director | 0.1 | $1,200 | $0 |
| IAN MCDANIAL | BOARD MEMBER (THRU JAN) Trustee or director | 0.1 | $900 | $0 |
| STEVE POLLETT | BOARD MEMBER Trustee or director | 0.1 | $900 | $0 |
| KEITH MERKLINK | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 |
| WILLIAM SOMMER | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 |
| ANSIE TING | BOARD MEMBER Trustee or director | 0.1 | $0 | $0 |
990 for the year ended September 30, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BARBARA MORRISON | PRESIDENT Trustee or director, Officer | 40 | $915,109 | $169,262 |
| KURT CHAMBLISS | EXECUTIVE VP Officer | 40 | $852,877 | $30,885 |
| JENNIFER DAVIS | BUS DEV OFFICER Highest-paid employee | 40 | $522,299 | $21,990 |
| GEOFFREY MCGIVERN | BUS DEV OFFICER Highest-paid employee | 40 | $446,362 | $31,160 |
| JAMES AVEZEDO | BUS DEV OFFICER Highest-paid employee | 40 | $399,262 | $25,984 |
| GREGG MITCHELL | COO Officer | 40 | $372,720 | $16,952 |
| MIKE VANECEK | CFO Officer | 40 | $331,446 | $28,925 |
| BRUCE WHITAKER | BUS DEV OFFICER Highest-paid employee | 40 | $294,209 | $30,977 |
| CHRIS HUNTER | BUS DEV OFFICER Highest-paid employee | 40 | $274,179 | $21,450 |
| DON J KURTZE | VICE CHAIR Trustee or director, Officer | 0.3 | $3,300 | $0 |
| DAVID J HOFMANN | BOARD MEMBER Trustee or director | 0.3 | $2,700 | $0 |
| KELLY LAROCCA | TREASURER/SECRETARY Trustee or director, Officer | 0.3 | $2,100 | $0 |
| SCOTT SATASINH MANIVONG | CHAIRMAN OF BOARD Trustee or director, Officer | 0.3 | $2,100 | $0 |
| ARTHUR WASHINGTON | BOARD MEMBER Trustee or director | 0.3 | $1,800 | $0 |
| DAVID GRIFFIS | BOARD MEMBER Trustee or director | 0.3 | $1,500 | $0 |
| IAN MCDANIEL | BOARD MEMBER Trustee or director | 0.3 | $1,500 | $0 |
| JAMES CHEUNG | BOARD MEMBER Trustee or director | 0.3 | $1,200 | $0 |
| JENNIFER ELTINGE | BOARD MEMBER Trustee or director | 0.3 | $1,200 | $0 |
| STEVE POLLETT | BOARD MEMBER Trustee or director | 0.3 | $1,200 | $0 |
| TED UPLAND | BOARD MEMBER Trustee or director | 0.3 | $1,200 | $0 |
| THOMAS CHAVEZ | BOARD MEMBER Trustee or director | 0.3 | $961 | $0 |
| DANIEL FUJIMOTO | BOARD MEMBER Trustee or director | 0.3 | $900 | $0 |
| WILLIAM SOMMER | BOARD MEMBER Trustee or director | 0.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1611 TELEGRAPH AVE STE 504, OAKLAND, CA 94612-2253
- Principal officer (990 for 2024)
- BARBARA MORRISON, 1611 TELEGRAPH AVE 504, OAKLAND, CA 94612
- Signed the 990
- MIKE VANECEK, CFO
- Phone
- (415) 989-8855
- Website
- WWW.TMCFINANCING.COM
- Return prepared by
- EIDE BAILLY ADVISORY LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 94-3247824 or by the name THE MORTGAGE CAPITAL DEVELOPMENT COMPANY.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
AS A CERTIFIED DEVELOPMENT COMPANY, THE ORGANIZATION'S PRIMARY PURPOSE IS TO ASSIST SMALL BUSINESSES AND INDIVIDUALS IN ACQUIRING SBA LOANS AND THEN TO MONITOR THOSE LOANS ON BEHALF OF THE SBA.
Program accomplishments
- THE ORGANIZATION CONTRIBUTES TO THE ECONOMIC DEVELOPMENT OF ITS REGION BY WORKING WITH THE SBA AND PRIVATE-SECTOR LENDERS TO PROVIDE SBA 504 FINANCING TO SMALL BUSINESSES. THE ORGANIZATION ASSISTS SMALL BUSINESSES IN GAINING ACCESS TO LONG-TERM FINANCING FOR THE PURCHASE OF MAJOR FIXED ASSETS SUCH AS LAND AND BUILDINGS. THE PROGRAM IS DESIGNED TO ENABLE SMALL BUSINESSES TO CREATE AND RETAIN JOBS. OVER THE PAST YEAR TMC FINANCING PROVIDED $578 MILLION IN SBA 504 FINANCING TO 433 SMALL BUSINESS OWNERS. TMC BORROWERS FROM THE PAST YEAR PLAN TO CREATE OR RETAIN OVER 3,000 JOBS.Expenses $21,023,691 · grants $98,351 · revenue $28,525,389
- THE ORGANIZATION CONTRIBUTES TO THE ECONOMIC DEVELOPMENT OF ITS REGION BY WORKING WITH THE SBA, PROVIDING SBA COMMUNITY ADVANTAGE LOAN FINANCING TO SMALL BUSINESSES. THE ORGANIZATION ASSISTS SMALL BUSINESSES IN GAINING ACCESS FINANCING FOR WORKING CAPITAL AND THE PURCHASE OF EQUIPMENT. THE PROGRAM IS DESIGNED TO BENEFIT SMALL BUSINESSES IN UNDERSERVED MARKETS. OVER THE PAST YEAR TMC FINANCING PROVIDED $6.3 MILLION IN COMMUNITY ADVANTAGE FINANCING TO 32 SMALL BUSINESS OWNERS IN UNDERSERVED MARKETS THROUGHOUT CALIFORNIA.Expenses $1,037,935 · grants $98,350 · revenue $605,230
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 94-3247824
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1996
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $28,816,985
- Income (IRS master file)
- $33,814,476
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $29,616,255 | $26,281,880 | $28,816,985 | XML |
| 990 | September 2024 | $24,303,783 | $23,926,074 | $24,782,264 | XML |
| 990 | September 2023 | $21,879,934 | $21,499,419 | $22,477,678 | XML |
| 990 | September 2022 | $19,772,313 | $19,341,008 | $21,214,459 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-3247824).
Questions about THE MORTGAGE CAPITAL DEVELOPMENT COMPANY
- What is the EIN of THE MORTGAGE CAPITAL DEVELOPMENT COMPANY?
- The employer identification number (EIN) of THE MORTGAGE CAPITAL DEVELOPMENT COMPANY is 94-3247824.
- Is THE MORTGAGE CAPITAL DEVELOPMENT COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1996.
- Are donations to THE MORTGAGE CAPITAL DEVELOPMENT COMPANY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does THE MORTGAGE CAPITAL DEVELOPMENT COMPANY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE MORTGAGE CAPITAL DEVELOPMENT COMPANY due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MORTGAGE CAPITAL DEVELOPMENT COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of THE MORTGAGE CAPITAL DEVELOPMENT COMPANY?
- The 990 for the year ended September 30, 2025 names BARBARA MORRISON.
- Who are the officers and directors of THE MORTGAGE CAPITAL DEVELOPMENT COMPANY?
- The 990 for the year ended September 30, 2025 lists 23 people; 21 received compensation from the organization, the highest $1,073,212 (BARBARA MORRISON, PRESIDENT/CEO).
- How much revenue does THE MORTGAGE CAPITAL DEVELOPMENT COMPANY have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $29,616,255, expenses of $26,281,880 and total assets of $28,816,985 at year end.
Other nonprofits in OAKLAND
- KAISER FOUNDATION HEALTH PLAN INC EIN 94-1340523 · last filed 990 for 2024
- KAISER FOUNDATION HOSPITALS EIN 94-1105628 · last filed 990 for 2024
- KAISER FOUNDATION HEALTH PLAN OF THE MID ATLANTIC STATES INC EIN 52-0954463 · last filed 990 for 2024
- KAISER FOUNDATION HEALTH PLAN OF THE NORTHWEST EIN 93-0798039 · last filed 990 for 2024
- KAISER FOUNDATION HEALTH PLAN OF COLORADO EIN 84-0591617 · last filed 990 for 2024
- KAISER FOUNDATION HEALTH PLAN OF GEORGIA INC EIN 58-1592076 · last filed 990 for 2024
- CAMP BOWIE SERVICE CENTER EIN 94-3299123 · last filed 990 for 2024
- LOKAHI ASSURANCE LTD EIN 91-2171891 · last filed 990 for 2024